oil imports

POSCO International Co., a trading arm of South Korea’s steel giant POSCO Co., will build a palm oil refining plant in Indonesia to foray into...

South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...

Hyundai Motor Group, South Korea’s top automaker, plans to consider building an assembly plant for electric vehicles and internal combustion e...

Vietnam will finish this year as South Korea's No. 3 trading partner and the country with which the latter has the largest trade surplus, a study ha...

Lithium Plus, the S.Korean lithium materials company, said on Wednesday that it has succeeded in mass-producing battery-grade ultra-high-purity lith...

Jeju Air Co., South Korea’s largest budget airline, is dominating flights to Japan to beat full-service carriers (FSCs) in the country such as...

Hyundai Motor Co. on Friday said its electric-powered sport-utility vehicle (SUV) IONIQ 5 was named Japan's Import Car of the Year for 2022-23 by th...

The Korea Automobile Importers & Distributors Association (KAIDA) announced on Monday that along with the easing of a supply shortage of auto se...

As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% compared to the same...

Asia’s benchmark refining margin is staging a rebound, providing relief for South Korea’s oil companies, which now expect their full-yea...

SK Lubricants Co., the world’s leading lube base oil supplier, said on Sunday it will be rebranded as SK Enmove Co. on Dec. 1.The new name com...

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...

​​​​​​​The price of manufactured food has been surging in recent months, beginning with ready-made rice, instant noodles, and snacks. This week...

NEW YORK – One by one, impeccably dressed Korean American women flocked into the Anchorage Capital Group’s headquarters in New York City...

South Korean mobile and online game developer and publisher Com2uS Corp. acquired a whopping 67 billion won ($47 million) worth of SM Entertainment ...

GS Caltex Corp. Chief Executive Hur Sae-hong said on Monday he expects global oil prices, which remain elevated due to geopolitical tensions, won&rs...

The Biden administration has decided to allow Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, to import ...

South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...

Eco-friendly cars such as electric vehicles and hybrids have increased their share in South Korea's used car market, together accounting for 36% of ...

POSCO, the world’s sixth-largest steelmaker, has predicted sales to fall by $1.5 billion as a typhoon disrupted one of its plants in South Kor...

South Korea’s competitiveness in the robot industry is among the world’s lowest even though the country is one of the largest buyers of ...

Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry ...

Samsung C&T Corp., the construction and trading arm of Samsung Group, has joined forces for the clean hydrogen businesses with South Korean comp...

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...

“Oh! My Gran” was the only South Korean movie to hit the big screen in China in the past year. It was also the first Korean film to be p...

Major South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) is facing harsh criticism that it has benefited from delaying...

South Korea’s top noodle maker Nongshim Co. has posted a quarterly operating loss from its domestic business – its first loss in 24 year...

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...